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Xi Jinping heads to Brazil for state visit on eve of G20 | CNN Blogs

Xi Jinping heads to Brazil for state visit on eve of G20 |  CNN Blogs


Chinese President Xi Jinping plans to travel to Brazil in November for a state visit.

The date of the trip has not yet been officially confirmed, but it will likely be on the eve of the G20 summit, which will take place in Rio de Janeiro on November 18-19.

Itamaraty sources confirmed on this blog that the Chinese government has already given clear and strong indications that Xi Jinping wants to take advantage of his trip to the G20 to also meet with President Lus Incio Lula da Silva (PT), in Brasilia.

A state visit is the most important form of diplomatic meeting between countries and usually involves a lot of pomp and ceremony on the part of the host government.

In April last year, Lula was also received by Xi Jinping in Beijing for a state visit. At the time, the two countries had signed more than 20 agreements in different fields, such as agriculture, environment and science and technology.

According to Itamaraty, a very broad bilateral agenda should also be discussed between the two leaders in Brazil.

China is by far Brazil's main trading partner.

In 2023, Brazilian exports to China broke the all-time record and reached $104 billion. Imports reached 53.175 billion US dollars.

Besides bilateral trade, Lula and Xi Jinping are also expected to discuss possibilities for increased Chinese investment in Brazil and global geopolitics.

In addition to being part of the G20, the two countries are also partners of BRICS, the group of large developing countries.

It is also almost certain that the Chinese leader will again emphasize the possibility of Brazil joining the so-called New Silk Road.

The initiative plans Chinese investments in infrastructure projects in regions such as Latin America and Africa.

However, the initiative also involves strict financing lines that have drawn criticism from many countries that ended up becoming too indebted to China.

Beijing also tends to require the use of Chinese labor and products in projects financed under the New Silk Road.

The Chinese government has insisted for years that Brazil also participate in this initiative, but doubts remain about the real benefits for the country.




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